For the week, slaughter cattle traded 1.00 higher in the South and steady in the North. Feeder and stocker cattle traded higher. Live cattle futures were higher with feeder cattle futures lower while dressed beef cutouts surged higher in erratic trade.

 

   

Cattle/Beef Complex Indexes...

Indexes track the daily market values for the past 10 & 60 days. Each daily value is the weighted total of the Gain/(Loss) for 15 market factors compared to the previous trading day.

10-Day Index Trendline

Change from Previous Day: +1.22%

Change from 10 Days Ago: +1.09%

   

 60-Day Index Trendline

Change from 60 Days Ago: +7.83%​

Change from 60 Day High:   0.00%​

 

Slaughter Cattle: Trade in the South 1.00 higher at 155.00 with Northern dressed trade steady at 248.00. In the 3 front months, Live Cattle futures closed from 0.35 to 1.38 higher. USDA’s most recent carcass weight data showed weights averaged 925 lbs., 2 lbs. lighter than last week and 3 lbs. lighter than last year.
  • This Week: 155.00 / Month Ago: 151.00 / Year Ago: 137.00 / 5 Year Avg: 120.79
Feeder Cattle: The national average price for feeder steers @ 175.36, 0.57 higher with trade mostly 3.00 lower to 4.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.15 to 0.48 lower.
  • This Week: 175.36 / Month Ago: 172.74 / Year Ago: 157.05 / 5 Year Avg: 147.10
Stocker Calves: The national average price for stocker steers @ 201.52, 2.45 higher with trade 2.00 lower to 6.00 higher.
  • This Week: 201.52 / Month Ago: 193.81 / Year Ago: 177.61 / 5 Year Avg: 168.95
CME Feeder Cattle Index: 179.51, 0.29 higher than last week.
  • This Week: 179.51 / Month Ago: 175.36 / Year Ago: 161.04 / 5 Year Avg: 146.88
Boxed Beef Cutouts: Choice cutout 13.90 higher at 262.83 and the Select cutout 14.19 higher at 235.45. The Choice/Select spread at 27.38, 0.29 lower.
  • This Week: 262.83 / Month Ago: 254.87 / Year Ago: 263.01 / 5 Year Avg: 242.30
Cutter Cow Cutout: 2.60 higher at 189.38
Slaughter Cows: Trade mostly steady to 3.00 lower.
Total red meat production under Federal inspection for the week ending Saturday, December 17, 2022 was estimated at 1090.1 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 1.1 percent lower than a week ago and 3.6 percent lower than a year ago.  Cumulative meat production for the year to date was 0.6 percent lower compared to the previous year.
Grain: Corn was 0.08 higher @ 7.07 with March futures @ 6.5300, 0.0900 higher. Wheat 0.22 higher at 8.09 and the futures @ 7.5350, up 0.19255.